In 1987, IR+M was founded as a private investment firm by former Putnam Advisory CEO, John Sommers with his son Jack to specialize in the USD fixed income market.

[5] In October 2019, IR+M underwent a management change by formalizing its senior team and clarifying the titles in part to satisfy investors desire for transparency.

[4] IR+M believes that careful security selection and active portfolio risk management will lead to superior returns over the long-term.

Due to difficulty in predicting future interest rate changes, it keeps duration and yield curve exposure neutral to the benchmark.

As a result, in 2019, even with investors’ move to passive management and a market with low interest rates, IR+M generated 60 basis points of alpha on its core strategies.